$AVAX, $RNDR, and $PYTH: Jump or dive?
The top three cryptocurrencies that are at crucial levels are $RNDR, $AVAX, and $PYTH. The market continues to await a Bitcoin rally, which has yet to materialise. Are these altcoins going to crash or will they be able to recover?
$RNDR is getting close to its bounce levels.
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The bull trend line for Render ($RNDR) has already been broken, and it also indicated strong support at $7. The price dropped much lower to hit a moderate level after confirming this level as resistance.
of assistance at $5.42. It is possible to anticipate that the price will hold here before rising from the 0.618 fibonacci level. In the event that it doesn’t, support is waiting below at $4.63.
Nearly returning to its base price structure, $AVAX
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There’s a chance that the price of $AVAX will drop all the way to $21, the base of the bull market. This would be very strong support because it is also the 0.786 fibonacci level. Nevertheless, there is still a possibility that the present $25 price level will persist. In addition to being a support level, the price has broken above the declining trend line that was previously holding it up. The weekly close is going to be important.
At a double-bottom, $PYTH
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A significant token unlock for $PYTH occurred some time ago, and this has significantly lowered the price. For the time being, the price is below the weekly 0.786 fibonacci. Nevertheless, the weekly close is still missing, therefore the $PYTH price needs to rise above this mark and cross over the negative trend line.
A double bottom is forming in its favour, and the stochastic RSI is tentatively rising from its low. If this indication keeps rising and another fakeout (in June) is averted, it has the potential to greatly accelerate the price’s return.